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Guangdong Dongfang Precision Science & Tech Co (SZSE:002611) Effective Interest Rate on Debt % : 4.28% (As of Mar. 2024)


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What is Guangdong Dongfang Precision Science & Tech Co Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Guangdong Dongfang Precision Science & Tech Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥24 Mil. Guangdong Dongfang Precision Science & Tech Co's average total debt for the quarter that ended in Mar. 2024 was ¥555 Mil. Therefore, Guangdong Dongfang Precision Science & Tech Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.28%.


Guangdong Dongfang Precision Science & Tech Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Guangdong Dongfang Precision Science & Tech Co's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Guangdong Dongfang Precision Science & Tech Co Effective Interest Rate on Debt % Chart

Guangdong Dongfang Precision Science & Tech Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.05 2.20 1.92 2.42 4.59

Guangdong Dongfang Precision Science & Tech Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.25 2.15 2.28 10.41 4.28

Competitive Comparison of Guangdong Dongfang Precision Science & Tech Co's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Guangdong Dongfang Precision Science & Tech Co's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Guangdong Dongfang Precision Science & Tech Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangdong Dongfang Precision Science & Tech Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Guangdong Dongfang Precision Science & Tech Co's Effective Interest Rate on Debt % falls into.



Guangdong Dongfang Precision Science & Tech Co Effective Interest Rate on Debt % Calculation

Guangdong Dongfang Precision Science & Tech Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -24.236/( (484.457+572.52)/ 2 )
=-1  *  -24.236/528.4885
=4.59 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=126.874 + 357.583
=484.457

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=144.969 + 427.551
=572.52

Guangdong Dongfang Precision Science & Tech Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -23.736/( (572.52+537.281)/ 2 )
=-1  *  -23.736/554.9005
=4.28 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=144.969 + 427.551
=572.52

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=130.967 + 406.314
=537.281

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Guangdong Dongfang Precision Science & Tech Co  (SZSE:002611) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Guangdong Dongfang Precision Science & Tech Co Effective Interest Rate on Debt % Related Terms

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Guangdong Dongfang Precision Science & Tech Co (SZSE:002611) Business Description

Traded in Other Exchanges
N/A
Address
No. 2, Zhenqiangshi Road, Nanhai District, Guangdong Province, Foshan, CHN
Guangdong Dongfang Precision Science & Tech Co Ltd is a China-based company that engages in the process, manufacture, and sale of carton printing equipment and accessories. The main products of the company's intelligent packaging equipment business include corrugated cardboard production line, corrugated box printing complete production line, pre-press, post-press intelligent automation equipment, and automated logistics systems. Some of the company's standalone printing products equipment include TOPRA AD, TOPRA GT, APSTAR HG 2, and APSTAR HS. The company's products are exported to more than 30 countries and regions, including Europe, America, Asia, Africa, Latin America, and Oceania.
Executives
Xie Wei Wei Directors, executives
Qiu Ye Zhi Directors, executives
Li Ke Tian Independent director
Yang Ya Li Directors, executives
Tang Zhuo Mian Director
Tang Zhuo Lin Director
Tang Yan Ling Supervisors
Cen Mei Ling Supervisors

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